Mizintseva M.F., Sardaryan A.R., Petrochenko A.A.Published in:
Russian Journal of Entrepreneurship
– Volume 18, Number 22 (November 2017)

JEL classification: F22, J61, J62, J64

Keywords: forecasts, generation Z, labor market, labor resources, NEET, RUDN University, youth unemployment


Share:

Abstract:

The article analyzes the current trends in modern labor market. We describe the probable tends which will characterize the future labor market. Among these trends the authors mark the activation of labor mobility, including the expansion of its geography not only to the countries of North America and Europe, but also to a number of Asian countries (South Korea, Singapore, Hong Kong, etc.); the increase in the number of freelancers from developed and developing countries; the increase in the number of unemployed and people who didn’t undertake higher education; the high unemployment, including among youth; the struggle of companies for people with unique abilities and competencies.The companies of the future labor market most likely will have to reconsider the human resources management system in favor of humanizing labor and individualizing the systems of adaptation, development, promotion, staff assessment, and in favor of treating the employee in the company not as an object but as a full-fledged subject of management. The article shows the results of the author's survey of students of the Economics Department of RUDN University on how they imagine the market of the future, typical managers and employees in 10-20 years. The students who took part in the survey said about two main components that will be the most probable characteristics of the labor market of the future, namely: the huge importance of Internet technologies for recruitment and job seekers, and a high percentage of self-employed (freelancers) on the labor market. Young people consider as the least probable trends the growth number of unemployed and the lack of an inclination of labor force to frequently change jobs. Respondents consider learning, responsibility, leadership, stress-resistance, and creative abilities as probable characteristics of the future workers and leadership qualities, stress resistance, readiness for risk as leaders’ characteristics.

---

References:
Absalyamova S.G., Absalyamov T.B. (2015). Remote employment as a form of labor mobility of today's youth Mediterranean Journal of Social Sciences. 6 (1-3). 227-231.
Currie, J., & Eveline, J. (2011). E-technology and work/life balance for academics with young children High Education. (62(4)). 533-550.
Gallie D. (2017). The quality of work in a changing labour market Social Policy & Administration. (51(2)). 226-243.
Gimpelson V.E., Zudina A.A., Kapelyushnikov R.I., Lukyanova A.L., Sharunina A.V. (2017). Professii na rossiyskom rynke truda [Professions in the Russian labor market] Moscow. (in Russian).
Grant C.A., Wallace L.M., Spurgeon P.C. (2013). An exploration of the psychological factors affecting remote e-worker’s job effectiveness, well-being and work-life balance Employee Relations. (35(5)). 527-546.
Gratton L., Johns T. (2013). The Third Wave of Virtual Work Harvard Business Review. (91(1-2)). 66-73.
Kakushkina M.A., Bocharova N.V. (2015). Rossiyskiy rynok truda: realii sovremennosti [The Russian labor market: realities of our times.]. Uchenye zapiski Tambovskogo otdeleniya RoSMU. (4). 144-149. (in Russian).
New opportunities for 16-18 year olds not in education, employment or training. Report by the Social Exclusion UnitBridging the gap. Retrieved December 05, 2014, from http://dera.ioe.ac.uk/15119/2/bridging-the-gap.pdf
Pavlenkov V.A. (2004). Rynok truda. Zanyatost. Bezrabotitsa [Labor market. Employment. Unemployment] M.: Izd-vo Mosk. un-ta. (in Russian).
Prpić J., Shukla P.P., Kietzmann J.H., McCarthy I.P. (2015). How to work a crowd: Developing crowd capital through crowdsourcing Business Horizons. (58(1)). 77-85.
Varshvavskaya E.Ya. (2015). Molodezh, isklyuchennaya iz sfery zanyatosti i obrazovaniya, v stranakh ES i Rossii [Youth excluded from participating in the education system and in the labour market of the EU countries and Russia]. “Bulletin of Statistics\. (4). 40-47. (in Russian).
Безработица в России 2017. (in Russian). Retrieved March 31, 2017, from http://zakony2017.ru/bezrabotica-v-rossii-2017/
Исследование Kelly Global Workforce Index (KGWI): все больше россиян ищут работу при помощи социальных сетейRudev. Retrieved March 31, 2017, from http://rudev.kellyebiz.com/ru/siteassets/uploadedfiles/1-images/misc_images/ru_docs/knowledge_hub_russia/life20science20report20ru202014.pdf
Официальный сайт PwC. (in Russian). Retrieved March 31, 2017, from http://www.pwc.ru/
Прогноз - молодёжная безработицаTradingeconomics. Retrieved March 31, 2017, from http://ru.tradingeconomics.com/forecast/youth-unemployment-rate
Рынок труда будущего, какой он? Путешествие в 2022 годMozhayskaya. (in Russian). Retrieved March 31, 2017, from http://www.mozhayskaya.ru/31
Теория поколенийHr-portal. (in Russian). Retrieved March 31, 2017, from http://hr-portal.ru/article/teoriya-pokoleniy